Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Sees Significant Decrease in Short Interest

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 517,500 shares, a decline of 21.2% from the September 15th total of 657,100 shares. Based on an average daily volume of 936,200 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Caprock Group LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 319.0% in the 2nd quarter. Caprock Group LLC now owns 96,490 shares of the Wireless communications provider’s stock worth $731,000 after acquiring an additional 73,460 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 4.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 72,096 shares of the Wireless communications provider’s stock worth $347,000 after acquiring an additional 3,032 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 10.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 124,308 shares of the Wireless communications provider’s stock worth $942,000 after acquiring an additional 11,415 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 4.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 54,962 shares of the Wireless communications provider’s stock worth $417,000 after acquiring an additional 2,226 shares in the last quarter. Finally, StoneX Group Inc. acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 1st quarter worth approximately $996,000.

Turkcell Iletisim Hizmetleri A.S. Price Performance

Shares of NYSE TKC traded up $0.09 during midday trading on Tuesday, reaching $6.32. 276,545 shares of the company traded hands, compared to its average volume of 536,442. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $4.07 and a 12 month high of $8.47. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.56 and a current ratio of 1.57. The stock’s 50-day simple moving average is $6.98 and its 200-day simple moving average is $6.98. The firm has a market cap of $5.56 billion, a PE ratio of 6.75 and a beta of 0.84.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $1.07 billion during the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 8.75% and a return on equity of 7.72%. As a group, equities analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a report on Monday.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.